Vinay Vohra & Co.

REs of Bank Joining Account Aggregator Ecosystem as ‘FI-U’ Shall Necessarily Join as ‘FIP’ | RBI

Best Taxation Service

We are a thriving firm of Chartered Accountants with the goal of providing a one-stop shop for all financial services.

Business Strategy & Growth

We believe integrity is the quintessential value that is the engine behind getting things done in the organization.

Highly Dedicated Worker

You can put your trust in the economic realm and expect the best outcome. With a strong team that possesses the necessary skill set .

Financial Information Provider; FIP

Circular No. RBI/2023-24/77 DoR.FIN.REC.53/03.10.123/2023-24, Dated: 26.10.2023

The RBI observed that certain entities, which are eligible to join the Account Aggregator (AA) ecosystem as Financial Information Provider (FIP), have onboarded as Financial Information User (FI-U) only. Consequently, such entities are accessing financial information from other FIPs but aren’t providing the financial information held by them.

To ensure efficient and optimum utilisation of the AA ecosystem, RBI has decided that regulated entities of the Bank joining the AA ecosystem as FI-U must necessarily join as FIP also.

Click Here To Read The Full Circular

The post REs of Bank Joining Account Aggregator Ecosystem as ‘FI-U’ Shall Necessarily Join as ‘FIP’ | RBI appeared first on Taxmann Blog.

source

1

Auditing - Assurance

2

Goods & Services Tax

3

Investment in India by Foreign Nationals & NRI's

4

Accounting & Bookkeeping

5

International Taxation

6

Startup Services

7

Mergers & Acquisition Advisory

8

Income Tax

9

Corporate Financial Services

10

Indian Business Advisory Service
Have Any Question?

Always willing to lend a hand and answer any questions you may have. It would be great if you could contact us.

Newsletter

Signup our newsletter to get update information, insight or news